In 2023, bm|t’s Investee-Part­ners secured over EUR 116 mil­lion in equity and mez­za­nine cap­i­tal despite the con­tin­u­ing tragic geopo­lit­i­cal and increas­ingly chal­leng­ing macro­eco­nomic envi­ron­ment. The invest­ments were dis­trib­uted among 26 com­pa­nies in 39 invest­ment rounds. Funds man­aged by bm|t com­mit­ted EUR 29.5 mil­lion and co-investors com­mit­ted EUR 86.6 mil­lion. In addi­tion, bm|t also suc­cess­fully exited BianoGMP and Sec­ond­Sol in 2023, both of which were pur­chased by excel­lently-suited cor­po­rate buyers.

“In light of the mas­sive decline in the over­all fig­ures for ven­ture cap­i­tal fund­ing in Ger­many and most regions of the world, we are extremely pleased to have achieved a sub­stan­tial increase in the amount of cap­i­tal raised by our Investee-Part­ners.  The fact that 21 of our Investee-Part­ners raised seven-or-eight fig­ure sums demon­strates the strength and breadth of our port­fo­lio, which has devel­oped nicely over the last years,” com­mented  Kevin Reeder, CEO of bm|t.

Also bod­ing well for the future of ven­ture financ­ing in Thuringia was the launch of three new invest­ment funds with over EUR 90 mil­lion of cap­i­tal to invest in inno­v­a­tive com­pa­nies. The Thüringer Startup Fonds II (TSFII), the Wach­s­tums­beteili­gungs­fonds II (WBFII), and the Thüringer Zukun­fts­fonds III (TZFIII) fit well together to ensure appro­pri­ate and coor­di­nated financ­ing of high-per­form­ing inno­v­a­tive com­pa­nies for many years to come.

“Like nearly all Ven­ture Cap­i­tal und Pri­vate Equity investors we faced many head­winds and encoun­tered many chal­lenges dur­ing the past year.  I am espe­cially proud that in these dif­fi­cult times our out­stand­ing Investee-Part­ners, strong co-investors, and the entire bm|t team worked tire­lessly together to achieve a very suc­cess­ful year in an extremely tough envi­ron­ment,” added Reeder.

Since 2017, bm|t’s Investee-Part­ners have secured over EUR 715 mil­lion in equity and mez­za­nine invest­ments, with funds man­aged by bm|t con­tribut­ing over EUR 154 mil­lion and other investors con­tribut­ing over EUR 565 mil­lion. Dur­ing this period, more than 12 exits gen­er­ated returns of over EUR 105 mil­lion from invested cap­i­tal of approx­i­mately EUR 30 mil­lion for funds man­aged by bm|t. Reeder con­cluded, “sev­eral sig­nif­i­cant and highly prof­itable exits in recent years are clear evi­dence that excel­lent invest­ment returns can be achieved here in the Free State of Thuringia, which we believe remains sur­pris­ingly under the radar of most investors.”

About bm|t

bm‑t beteili­gungs­man­age­ment thürin­gen (bm|t), based in Erfurt, is the first address for ven­ture cap­i­tal invest­ments in Thuringia. bm|t cur­rently man­ages twelve invest­ment funds with a total vol­ume of 445 mil­lion euros and invests in inno­v­a­tive, high-growth com­pa­nies across all indus­tries and all phases of the cor­po­rate life cycle.
www.bm‑t.com